W 4V PDF Details

The W 4V form is an Internal Revenue Service (IRS) form that employees use to report their wages, withholding allowances, and tax status. The form helps employers determine how much federal income tax to withhold from employees' paychecks. Employees must fill out the form every year and submit it to their employer. The form is also used to claim any refundable credits or exemptions. For example, taxpayers can claim exemptions for themselves and any dependents on the W 4V form. Generally, the more withholding allowances an employee claims, the lower their taxable income will be and the smaller their federal income tax refund will be. However, claiming too many withholding allowances can result in lower paychecks throughout the year.

The table contains details about the w 4v. You'll have the rough time you may need to fill in the form and some additional details.

QuestionAnswer
Form NameW 4V
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesirs w 4v form, social security tax withholding form, w 4v, w4v

Form Preview Example

Form W-4V

 

 

Voluntary Withholding Request

 

 

 

 

 

(Rev. February 2018)

 

(For unemployment compensation and certain Federal Government and other payments.)

 

Department of the Treasury

 

 

 

 

Go to WWW.IRS.GOV/FORMW4V for the latest information.

 

Internal Revenue Service

 

 

 

Instructions

 

 

Note. For withholding on social security benefits, give or send the

 

 

 

 

completed Form W-4V to your local Social Security Administration

Purpose of Form

 

 

office.

If you receive any government payment shown below, you may use

Line 3. If your address is outside the United States or the U.S.

Form W-4V to ask the payer to withhold federal income tax.

possessions, enter on line 3 the city, province or state, and name of the

• Unemployment compensation (including Railroad Unemployment

country. Follow the country’s practice for entering the postal code.

Don’t abbreviate the country name.

Insurance Act (RUIA) payments).

 

 

 

 

• Social security benefits.

 

 

Line 4. Enter the claim or identification number you use with your payer.

 

 

For withholding from social security benefits, the claim number is the

• Social security equivalent Tier 1 railroad retirement benefits.

social security number under which a claim is filed or benefits are paid

 

 

 

 

• Commodity Credit Corporation loans.

 

(for example, 123-45-6789A or 123-45-6789B6). The letter or

• Certain crop disaster payments under the Agricultural Act of 1949 or

letter/number combination suffix that follows the claim number identifies

the type of benefit (for example, a wage earner, a spouse, or a

under Title II of the Disaster Assistance Act of 1988.

widow(er)). The claim number may or may not be your own social

• Dividends and other distributions from Alaska Native Corporations

security number. If you are unsure about what number to use, contact

to its shareholders.

 

 

 

 

the Social Security Administration at 1-800-772-1213 (toll-free). For

 

 

 

 

Consult your payer if you’re uncertain whether your payment is

other government payments, consult your payer for the correct claim or

eligible for voluntary withholding.

 

identification number format.

You aren’t required to have federal income tax withheld from these

Line 5. If you want federal income tax withheld from your

payments. Your request is voluntary.

 

unemployment compensation, check the box on line 5. The payer will

Note. Payers may develop their own form for you to request federal

withhold 10% from each payment.

 

 

income tax withholding. If a payer gives you its own form instead of

Line 6. If you receive any of the payments listed on line 6, check the box

Form W-4V, use that form.

 

 

to indicate the percentage (7%, 10%, 12%, or 22%) you want withheld

Why Should I Request Withholding?

 

from each payment.

 

Line 7. See How Do I Stop Withholding? below.

You may find that having federal income tax withheld from the listed

Sign this form. Form W-4V is not considered valid unless you sign it.

payments is more convenient than making quarterly estimated tax

 

 

payments. However, if you have other income that isn’t subject to

When Will My Withholding Start?

withholding, consider making estimated tax payments. For more details,

Ask your payer exactly when income tax withholding will begin. The

see Form 1040-ES, Estimated Tax for Individuals.

federal income tax withholding you choose on this form will remain in

 

 

 

 

How Much Can I Have Withheld?

 

effect until you change or stop it or the payments stop.

For unemployment compensation, the payer is permitted to withhold

How Do I Change Withholding?

10% from each payment. No other percentage or amount is allowed.

If you are getting a payment other than unemployment compensation

 

 

 

 

For any other government payment listed above, you may choose to

and want to change your withholding rate, complete a new Form W-4V.

have the payer withhold federal income tax of 7%, 10%, 12%, or 22%

Give the new form to the payer.

from each payment, but no other percentage or amount.

How Do I Stop Withholding?

What Do I Need To Do?

If you want to stop withholding, complete a new Form W-4V. After

Complete lines 1 through 4; check one box on line 5, 6, or 7; sign Form

completing lines 1 through 4, check the box on line 7, and sign and date

W-4V; and give it to the payer, not to the IRS.

the form; then give the new form to the payer.

 

Form W-4V

(Rev. February 2018)

Department of the Treasury Internal Revenue Service

Separate here

Voluntary Withholding Request

(For unemployment compensation and certain Federal Government and other payments.)

Give this form to your payer. Do not send it to the IRS.

OMB No. 1545-0074

1

Your first name and middle initial

Last name

 

2 Your social security number

 

 

 

 

 

3

Home address (number and street or rural route)

City or town

State

ZIP code

4Claim or identification number (if any) you use with your payer

5

I want federal income tax withheld from my unemployment compensation at a rate of 10% of each payment.

6I want federal income tax withheld from (a) my social security benefits, (b) my social security equivalent Tier 1 railroad retirement benefits, (c) my Commodity Credit Corporation loans, (d) certain crop disaster payments under the Agricultural Act of 1949 or under Title II of the Disaster Assistance Act of 1988, or (e) dividends and other distributions from Alaska Native Corporations to its shareholders, at the rate of (check one):

7%

10%

12%

22%

7

I want you to stop withholding federal income tax from my payment(s).

Your signature

Date

 

For Privacy Act and Paperwork Reduction Act Notice, see page 2.

Cat. No. 22891V

Form W-4V (Rev. 2-2018)

Form W-4V (Rev. 2-2018)

Page 2

 

 

Privacy Act and Paperwork Reduction Act Notice

We ask for the information on Form W-4V to carry out the Internal Revenue laws of the United States. You are required to provide this information only if you wish to have federal income tax withheld from certain payments for which withholding is not required by law. If you choose to request voluntary withholding of federal income tax, you’re required by Internal Revenue Code sections 3402(p) and 6109 and their regulations to provide the information requested on this form. If you don't provide a completed form that is signed, the payer can’t withhold federal income tax from your payment. Providing false or fraudulent information may subject you to penalties.

Routine uses of this information include giving it to the Department of Justice for civil and criminal litigation, and to cities, states, the District of Columbia, and U.S. commonwealths and possessions for use in administering their tax laws. We may also disclose this information to other countries under a tax treaty, to federal and state agencies to enforce federal non-tax criminal laws, or to federal law enforcement and intelligence agencies to combat terrorism.

You aren’t required to provide the information requested on a form

that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by Code section 6103.

The average time and expenses required to complete and file this form will vary depending on individual circumstances. For estimated averages, see the instructions for your income tax return.

If you have suggestions for making this form simpler, we would be happy to hear from you. See the instructions for your income tax return.

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